On the German stock market, the MDax of medium-sized stocks and the SDax small cap index rose higher than ever on Tuesday. The Dax, however, found it difficult.
On the German stock market, the MDax of medium-sized stocks and the SDax small cap index rose higher than ever on Tuesday. The Dax, however, found it difficult.
A little below its previous record high of 15,810 points, the leading index was down by 0.10 percent to 15,760.52 points around noon. The MDax gained 0.86 percent and headed towards the 36,000 mark with 35,913.83 points. The leading Eurozone index EuroStoxx 50 gained 0.2 percent.
The further course of action in the corona pandemic in Germany is one of the central topics of the deliberations of the federal and state governments on this Tuesday, which are being closely followed on the market. The focus was also on further quarterly figures and the economic expectations published by the ZEW research institute. These clouded over in August much more than expected by experts.
The final quarterly figures from Munich Re were able to support the Dax somewhat. The reinsurer sees itself in spite of the threat of high losses from the flood disaster in Europe on course for the profit target for 2021. The papers gained 1.7 percent. The stocks of the pharmaceutical and chemical group Merck KGaA were even better with a plus of 2.1 percent.
Bayer were among the biggest losers in the Dax with minus 0.9 percent. The agrochemical and pharmaceutical company also received a defeat in the United States in the third of its US appeals proceedings due to alleged cancer risks of the weed killer glyphosate.
The shares of the cook box mail order company Hellofresh reacted as a top value in the MDax with a price jump of 9.5 percent to the final quarterly figures. For the titles of the mechanical and plant engineering company Dürr it went up by five percent after a buy recommendation from Berenberg Bank. Rear in the index, Auto1 lost 3.8 percent. According to circles, shareholders of the online used car dealer sold a large block of shares from before the IPO.
A second quarter below expectations frightened the shareholders of Cewe. The shares of the photo service provider dropped by more than eight percent as the SDax tail light. Home24, however, rose by more than 19 percent according to numbers at the top of the index.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
